Table of Content
Table of Content
AvaTrade Opinions 2023: Unbiased Review of Pros and Cons
Getting Started with AvaTrade
AvaTrade, an online broker, offers to trade various financial instruments, including Forex, CFDs, and cryptocurrency. The company was founded in 2006. It has offices in Dublin, New York City, Sydney, Tokyo, and Milan. AvaTrade, regulated by the Central Bank of Ireland and a European Securities and Markets Authority(ESMA) member, is based in Dublin.
AvaTrade provides a platform that is easy to use and has many features. AvaTrade also offers excellent customer service and spreads that are competitive. AvaTrade has some disadvantages, including a high minimum deposit requirement and a limited range of assets. AvaTrade offers a great trading platform for both beginners and more experienced traders.
Is AvaTrade Regulated and Legal?
AvaTrade has been regulated by national and international authorities, so it must adhere to strict standards. It ensures your money’s safety and the company’s compliance with industry best practices. AvaTrade, a regulated and legal broker, allows you to trade confidently.
Advantages of AvaTrade
- AvaTrade, a forex broker licensed and regulated by the Financial Conduct Authority (FCA), offers peace of mind to traders. They can rest assured their money will be safe.
- AvaTrade provides many CFDs, such as commodities, indices, and cryptocurrency. The traders have a wide range of options to choose from.
- AvaTrade is an established broker with a track record dating back to 2006.
- AvaTrade provides 24/5 support to its customers, making it convenient for traders who trade outside normal business hours.
Disadvantages of AvaTrade
- For some, the minimum deposit amount to begin trading is $100 which is higher than its competitors especially if you want to dabble with live money. Again, we state that trading is not for everyone and may be trading with XM or XTB you can deposit less and see if trading is for you.
- A 0.1% fee is charged on every trade, and this can accumulate over time. AvaTrade doesn’t offer social trading or copy trading.
Key Features of AvaTrade
Suppose you want a section of content that discusses the main features of AvaTrade.
AvaTrade, a Dublin-based CFD and forex brokerage founded in 2006, offers trading services for over 250 financial instruments, including currency pairs. The company provides trading for over 250 instruments, including currency pairs, commodities, and indices. It also offers bonds and ETFs. AvaTrade’s trading is regulated by the Central Bank of Ireland (CBI) and the Japanese Financial Services Agency.
Open an account with the company by depositing $100. The firm offers two types of accounts: standard and Islamic. Spreads for EUR/USD start at just 0.8 pip, and forex pairs can be leveraged up to 400:1. Forex pairs are exempt from commissions. However, CFDs for stocks and ETFs carry a $10 per trading lot.
AvaTrade offers its customers MetaTrader 4, AvaOptions, and other trading platforms. MetaTrader 4 is provided as a desktop, mobile, or web-based application. AvaOptions is available only as a web application. The AvaOptions platform is only available as a web-based application.
Fees and commissions
AvaTrade offers forex trading, CFDs, and cryptocurrency online. The company was established in Ireland in 2006. It is regulated by both the Central Bank of Ireland (CBI) and MiFID.
AvaTrade provides three types of accounts: Demo, Standard, and Islamic. Standard accounts require a minimum of $100. There is no deposit minimum for a Demo account. The minimum deposit for an Islamic account is $1,000.
AvaTrade doesn’t charge any commissions for trades. The spreads between its bid and ask prices for the instruments it offers are how AvaTrade makes money. Spreads can vary depending on both the instruments being traded and market conditions.
AvaTrade’s leverage varies depending on the instrument. For forex pairs, the maximum leverage is 1400:1; for CFDs, it’s 1200:1; and for cryptocurrency, it’s 1:2:1. At 100% of the used margin, Margin Calls are activated. The stop-out level has been set to 50% of the used margin.
AvaTrade’s customer service team can be reached via email or phone 24/5 in English, French, and German. They also speak Japanese, Russian, Spanish, Portuguese, Arabic, Chinese, Swedish, Dutch, and Polish.
More Pros and Cons
AvaTrade has a good reputation. This includes offering various account options, including the Islamic option.
The broker offers a wide range of spreads, starting at a fixed spread on currency pairs.
If you’re looking for another type of trading, you can find it here. You can also choose from a good selection of copy and social trading platforms, including Zulutradeand third-party platforms, Duplitrade.
AvaTrade has some drawbacks, including the high inactivity fee. This can make it difficult for only casual traders.
AvaTrade’s account managers are often considered too aggressive to encourage you to trade. This is especially true if you have never traded before.
The fact that your assets are limited is another factor that could detract the broker.
Currency pairs support them, but they need more depth on other assets. This may be a problem if you wish to trade with other markets.
Trading Platforms Available with AvaTrade
AvaTrade, an online broker with a global reputation, offers traders a variety of trading instruments, including Forex, Stocks, Commodities, Indices, and Cryptocurrencies. This company, which has operated for more than 10 years, is regulated and supervised by the best financial institutions in the world.
AvaTrade offers a variety of platforms for trading to its customers. You can find the platform you need, whether you’re a novice or an expert trader. Platforms available are:
MetaTrader 4 is one of the most popular trading platforms around the globe. It is perfect for anyone who wants a simple interface with many options. MetaTrader 4 can be used on both mobile and desktop devices.
WebTrader: WebTrader is a platform designed specifically for traders who want to trade directly through their browsers. The platform is simple to use and requires no download or installation.
AvaOptions is the perfect platform for anyone who wants to trade options. It offers an intuitive interface and advanced features like risk management tools and market data in real-time.
AvaTrade Mobile Apps: AvaTrade provides trading apps on both Android and iOS so that you can trade anywhere.
Security Measures Taken by AvaTrade
AvaTrade is committed to security and takes protecting its client’s funds and information very seriously.
- Segregated client accounts.
- Two-factor authentication.
- SSL encryption.
- Physical security measures.
- Comprehensive anti-fraud measures.
Special features you can find in AvaTrade
AvaTrade offers a second exclusive feature and product that we’ll now examine in more detail.
AvaProtect is an AvaTrade service that traders have highly valued. It offers superior protection as a broker trader.
When you buy AvaProtect, it will protect your position for this period. The loss amount is refunded if you lose money at the end of the time frame.
This unique tool is perfect for traders of all kinds, including those just starting.
Social Trading – Copy Trading
There are many options for copy trading at AvaTrade. You can benefit from Zulutrade and Duplitrade, as well as copy trading functions that come with MetaTrader EAs.
Zulutrade, one of the top copy-social platforms for trading, is compatible with AvaTrade. Duplitrade allows only you to copy other people’s signals and strategies.
These are easily accessible, with only the Duplitrade minimum deposit being $2,000.
Customer Support Quality for AvaTrade
AvaTrade, a Forex Broker, offers 24-hour support to its customers. AvaTrade has dedicated representatives available 24/7 to assist you with queries or questions. You can also contact them via email or live chat.
AvaTrade provides excellent customer service. They are friendly and always ready to assist. The representatives will do everything possible to ensure you have a good experience.
AvaTrade’s customer service team will always assist you if you need help with your trading account. They will provide the best service possible and resolve any issues.
Deposit and Withdrawal
Account Base Currency
AvaTrade is an international broker that can perfectly accommodate the availability of numerous base currencies. Depending on your country, these base currencies may vary, but many major currencies are available, such as USD, EUR, GBP, JPY, and AUD.
Consider carefully how to deposit money into your AvaTrade Account and the associated fees.
AvaTrade Minimum Deposit
AvaTrade generally has a $100 minimum for each type of Account. The only exception is when you deposit by bank transfer. In this instance, your minimum deposit would be $500.
There are many deposit options. Bank transfers can take up to 14 days, while credit/debit cards can be processed in just a few minutes. Additionally, eWallets like Skrill and Neteller can take up to 48 hours to process.
You can check the deposit options in your AvaTrade Account.
AvaTrade’s deposits are usually free. The only exception is if you make a transfer via your bank. In this case, check what fees they charge.
If you choose to deposit in another currency than the base currency of your broker, there may be a conversion fee.
There are many ways you can withdraw money from AvaTrade.
Funds withdrawal modalities
You can withdraw funds via bank transfer, credit/debit card, andeWalletmodalitiessuch as Skrill, Neteller, and WebMoney.
All timeframes are similar. A bank transfer can take up to 7 days. Credit/Debit cards process almost instantly. And eWallets only need 24 hours.
Withdrawals are usually free. The only exception is if your bank charges fees to make a currency exchange or a transfer.
AvaTrade offers a wide range of benefits and features to its customers. We give it top marks for reliability, ease of use, customer service, and fees charged by the broker. It also gets high marks regarding the variety of assets that can be traded. AvaTrade is a great online broker that will suit your needs.
1. Is AvaTrade a reliable broker?
AvaTrade, yes. The company has been operating since 2006 and is regulated under the Central Bank of Ireland.
2. What is the best and worst thing about AvaTrade?
AvaTrade’s pros include the low deposit minimum, its large range of assets that can be traded, and its easy-to-use platform. AvaTrade’s cons include high spreads and a lack of support.
3. Is AvaTrade a good choice for beginners?
AvaTrade’s low-minimum deposit requirement and user-friendly interface make it a great choice for newbies. Beginners should, however, be wary of AvaTrade’s wide spreads.
4. Is AvaTrade regulated?
AvaTrade has been regulated by the Central Bank of Ireland.
5. Is AvaTrade safe?
AvaTrade has been licensed and in operation since 2006, so it’s a safe broker.